The week of 07/11 in brief
The news about Bitcoin and cryptocurrencies is in constant turmoil. Sometimes vital information gets lost in the daily news flow and you miss the important points. This format is here to remedy that. We take a look back at the past week’s news in the Crypto Weekly to keep you informed about the current state of cryptocurrencies.
Crypto news in brief
Vitalik Buterin unveils Ethereum’s new roadmap. Ethereum’s evolution will take place through 6 steps to improve performance and decentralization of the network.
Tornado Cash is once again in the sights of the OFAC. The OFAC has reclassified Tornado Cash and is now accusing the protocol of aiding the development of North Korea’s nuclear programme.
Justin Sun to the rescue of FTX users. The founder of Tron announced that he had reached an agreement with FTX to save the token holders of the Tron ecosystem.
UnionBank is offering BTC and ETH to its customers. Indeed, the Philippine bank is now offering a cryptocurrency storage and trading service.
MiCa law vote postponed. As a reminder, MiCa is a piece of legislation aimed at regulating cryptocurrencies within the European Union.
The pNetwork protocol teams face their incompetence. Thus, the hack of Gala via pNetwork was caused by the publication of private keys on the GitHub of the project.
The 5 metrics of the week
➤ 39, this is the number of Pick n Pay outlets accepting BTC in South Africa. As such, the company has expanded its pilot project and is expected to roll out to all of its 1,600 locations in the coming months.
➤ 0.003% is ETH’s deflation rate. Indeed, Ether issuance has become deflationary since the switch to Proof of Stake.
➤ 657 million dollars, this is the sum of the losses recorded during the DeFi hack in October. A sad record, which will make 2022 the year that witnessed the most DeFi hacks.
47%, this is the drop recorded by the SOL token in the space of 24 hours. This drop follows the turmoil experienced by FTX and its Alameda Research arm.
30 million dollars, this is the amount belonging to the CoinShare company that is blocked on the FTX platform. Indeed, individuals were not the only ones impacted by the fall of FTX and Alameda Research.
Tweet of the week
Tweet of the week goes to @_Cryptique and his thread on a crazy theory: Sam Bankman-Fried is ChefNomi, the founder of SushiSwap.
Have a great week on Crypto prof!
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